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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 06/15/2017
Entire Document
 

The following table presents the changes in each component of accumulated other comprehensive loss and the related tax effects for the years ended December 31, 2016 and 2015:
 
Year Ended December 31, 2016
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Foreign currency translation adjustments:
$
44,711

 
$

 
$
44,711

Unrealized gain (loss) on hedging instruments
$
(13,934
)
 
$
3,901

 
$
(10,033
)
Net other comprehensive income (loss)
$
30,777

 
$
3,901

 
$
34,678

Less: Other comprehensive income attributable to non-controlling interests, net of tax
 
 
 
 
$
11,378

Other comprehensive income attributable to Class A stockholders
 
 
 
 
$23,300
 
Year Ended December 31, 2015
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Foreign currency translation adjustments:
 
 
 
 
 
Other comprehensive loss arising during the period
$
(9,634
)
 
$
271

 
$
(9,363
)
Hedging activities:
 
 
 
 
 
Other comprehensive gain arising during the period
15,149

 
(1,402
)
 
13,747

Other comprehensive income (loss)
$
5,515

 
$
(1,131
)
 
$
4,384

Less: other comprehensive loss attributable to non-controlling interests
 
 
 
 
 
Foreign currency translation adjustments
(13,123
)
 
133

 
(12,990
)
Unrealized gain on hedging instruments
3,370

 
(944
)
 
2,426

Other comprehensive income (loss)
$
(9,753
)
 
$
(811
)
 
$
(10,564
)
Less: predecessor other comprehensive income prior to initial public offering on August 5, 2015
 
 
 
 
(4,100
)
Other comprehensive income attributable to TerraForm Global, Inc. Class A common stockholders
 
 
 
 
$
19,048


22. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Quarterly results of operations for the year ended December 31, 2016 were as follows:
 
 
Quarter Ended
(in thousands, except per share data)
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
Operating revenues, net
 
$
47,686

 
$
56,430

 
$
55,055

 
$
55,146

Operating income (loss) income
 
2,693

 
17,300

 
14,936

 
(6,464
)
Interest expense, net
 
33,663

 
28,975

 
33,159

 
33,479

Net (loss) income
 
(6,248
)
 
5,681

 
(17,855
)
 
(60,076
)
Net (loss) income attributable to TerraForm Global, Inc. Class A common stockholders
 
(4,632
)
 
1,097

 
(12,911
)
 
(36,586
)
Other comprehensive (loss) income
 
(9,903
)
 
36,364

 
2,846

 
5,371

Weighted average Class A common shares outstanding - basic and diluted
 
106,856

 
106,856

 
107,686

 
112,989

Net (loss) income per weighted average Class A common share - basic and diluted
 
$
(0.04
)
 
$
0.01

 
$
(0.12
)
 
$
(0.32
)


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